Funding you earn now, next payment 06:00 UTC+0.0009%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h +0.018%
Price spread now: Backpack against Kraken Futures−0.052%7-day average −0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$400.404% of the position
Funding, last 7 days+0.007%+$1 on $10k
+Price spread, last 4 days (all we have)+0.074%+$7 · spread now −0.052%, 7d avg −0.035%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_DOTUSD | 1.1765 | 0.0091 | pay 0.0011% / 1h | 43m 29s | $4.4M | $1.4M | 50x |
| Short | Backpack DOT_USDC_PERP | 1.1759 | 0.0100 | get 0.0013% / 1h | 43m 29s | $90K | $130K | 10x |
Kraken Futures PF_DOTUSD
Backpack DOT_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Kraken Futures. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $1.81
- Price spread: −0.052% → −0.035%
- −$1.64
- Slippage, 4 orders
- −$20.39
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$40.22
- Costs to cover
- 0.404%
- Break-even
- 162.7 days
Slippage from Kraken Futures: live order book, 5 min ago; Backpack: live order book, 5 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Kraken Futures live order book, 5 min ago | 2.54 bp | 15.2 bp −$15 | 25.6 bp −$256 | 142.7 bp −$14.3K | doesn't fit |
| Sell Backpack live order book, 5 min ago | 0.43 bp | 6.1 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
DOT on 29 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit DOT_USDC-PERPETUAL | −0.2969% | 1h | 1.1766 | +0.008% | $234K | $133K | 50x | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0864% | 1h | 1.1760 | −0.043% | $170K | $1.9M | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1744 | −0.175% | $254 | — | — | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.1757 | −0.070% | $142K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.1749 | −0.140% | $3K | — | 150x | as long as short |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | +2.167% | $328 | $121K | 12x | as long as short |
| Kraken Futures PF_DOTUSDlong | +0.0091% | 1h | 1.1765 | long leg | $4.4M | $1.4M | 50x | |
| Lighter DOT | +0.0096% | 1h | 1.1755 | −0.084% | $251K | $662K | 10x | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.1750 | −0.128% | $5.2M | $3.4M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.1754 | −0.097% | $838K | $594K | 50x | as long as short |
Deribit DOT_USDC-PERPETUAL
Coinbase International DOT-PERP-INTX
Reya DOTRUSDPERP
dYdX DOT-USD
gTrade (Gains Network) DOT/USD
Injective DOT/USDC PERP
Lighter DOT
Hyperliquid DOT
Aster DOTUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance DOTUSDT | +0.0100% | 8h | 1.1747 | −0.154% | $43.0M | $85.6M | 75x | as long as short |
| Bybit DOTUSDT | +0.0100% | 8h | 1.1743 | −0.188% | $24.0M | $19.0M | 75x | as long as short |
| OKX DOT-USDT-SWAP | +0.0100% | 8h | 1.1745 | −0.171% | $9.2M | $24.3M | 50x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.1750 | −0.128% | $6.6M | $12.0M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.1749 | −0.137% | $27.3M | $56.9M | 300x | as long as short |
| KuCoin DOTUSDTM | +0.0100% | 8h | 1.1753 | −0.103% | $6.3M | $9.2M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1750 | −0.128% | $22.4M | $14.6M | 75x | as long as short |
| BingX DOT-USDC | +0.0100% | 8h | 1.1895 | +1.104% | — | $1.3M | — | as long as short |
| Backpack DOT_USDC_PERPshort | +0.0100% | 1h | 1.1759 | −0.052% | $90K | $130K | 10x | |
| Variational Omni DOT | +0.0100% | 8h | 1.1746 | −0.158% | $534K | $52K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1755 | −0.082% | $35K | $336K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1759 | −0.053% | $233K | $432K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1750 | −0.128% | $8K | $19K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.1776 | +0.093% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1758 | −0.060% | $262K | $265K | 75x | as long as short |
| Phemex DOTUSDT | +0.0100% | 8h | 1.1770 | +0.042% | $2.4M | $2.2M | 50x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.1745 | −0.171% | $15K | $246K | 25x | as long as short |
| BloFin DOT-USDT | +0.0220% | 8h | 1.1754 | −0.094% | $2.2M | $879K | 75x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0301% / S −0.1012% | 1h | 1.1749 | −0.135% | $22K | — | 100x | as long as short |
Binance DOTUSDT
Bybit DOTUSDT
OKX DOT-USDT-SWAP
Gate DOT_USDT
MEXC DOT_USDT
KuCoin DOTUSDTM
Bitget DOTUSDT
BingX DOT-USDC
Variational Omni DOT
edgeX DOTUSDC
GRVT DOT_USDT_Perp
Orderly PERP_DOT_USDC
SunX DOT-USDT
HTX DOT-USDT
Phemex DOTUSDT
Extended DOT-USD
BloFin DOT-USDT
GMX DOT/USD [WBTC.b-USDC]